Coinweb is a cross-chain computation platform that aims to deliver true interoperability for real-world usage. To achieve this, the project is already working with and actively approaching traditional businesses with mass customer bases to collaborate with.
Coinweb’s unique approach is based upon the InChain architecture, which enables dApps built on top of the platform to take maximum advantage of blockchain interoperability with fewer trade-offs.
The InChain architecture proves the state of a blockchain in a different way. This has huge implications for the Coinweb platform and dApps. With this new approach, it is possible to retain the properties of the underlying chains and dramatically increase the efficiency and usefulness of dApps.
Is Coinweb’s technology being used today?
Coinweb’s technology is currently being used by two hand-picked DeFi projects. From December 2020 to November 2021, Coinweb’s technology has been used by over 115,000 unique users and broadcast over 1,440,000 transactions to the underlying chains representing a total value above $89.5M in token sales, through projects built on top of the platform.
What pain points is Coinweb solving?
The broader vision of blockchain technology promises to enable the creation of an infrastructure that can automate and optimize trust-based functions in society. This will catalyze a paradigm shift in how businesses, governments, institutions, and individuals interact and operate. This requires a technical foundation capable of supporting it. We have identified several key problems that persist, preventing a shift from taking place.
Decentralized applications must be able to access a larger part of the whole blockchain solution space and adapt as it develops, without losing important security properties from underlying platforms.
Smart Contract Limitations - Most blockchains use a sequential execution model, which severely limits their computation throughput. This leads to high gas fees and slow execution time. Smart-contracts are also limited when they are executed.
Programming languages - Custom programming languages and non-standard toolchains make it harder for developers to develop dApps.
Blockchain data - Accessing and merging blockchain data across multiple chains is cumbersome and introduces additional security dependencies.
What are the technical characteristics of Coinweb?
The platform’s unique architecture merges the solution space from underlying blockchains, opening an innovative approach for solving existing bottlenecks.
Unique strong coupling of blockchains.
Uniform deployment across all blockchains.
Parallel execution of smart-contracts on one chain and across multiple chains.
Indexing of blockchain data with strong security & execution.
Reactive smart-contracts.
Website: https://www.coinweb.io/
Explorer: https://the.explorer.coinweb.io/
whitepaper: https://coinweb.io/wp-content/uploads/2021/05/Coinweb-Whitepaper.pdf
source code: https://github.com/coinweb
